Implementation Roadmap
FID-Ready
$2.8B capital
30 months
M0
-->
M30
from FID to
revenue-generating
steady state
4 phase gates aligned with lender milestones, regulator filings, EPC sequencing, and workforce transition.
Pathway A - HEFA SAF - Board Pack v3
P1
M0-9
FEED
+
permit
+
term sheet
Funded
$185M
P2
M9-24
EPC LSTK
+
off-take
+
NTP
In flight
$1.74B
P3
M24-30
Commissioning
+
ramp to nameplate
Scheduled
$465M
P4
M30+
Steady state
+
§45Z PTC claims
Recurring
$410M/yr